Data from RFID Devices, Miniature Cameras, and Wireless Access Used

question 138

Multiple Choice

Data from RFID devices, miniature cameras, and wireless access used to understand where people or items are located is called

• A) physical-world observations.
• B) biological data.
• C) public data.
• D) business process information.

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Definitions:

Fixed Cost

Costs that do not change with the level of output or activity in the short term, such as rent, insurance, and salaries of permanent staff.

Product

Any good, service, or idea that can be offered to a market to satisfy a want or need.

Contribution Approach

An income statement format that organizes costs by their behavior. Costs are separated into variable and fixed categories rather than being separated into product and period costs for external reporting purposes.

External Reporting

The process of preparing and disclosing financial statements and other reports to entities outside of the corporation, such as investors and regulatory bodies.